rmsmith

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Posts posted by rmsmith


  1. 3 hours ago, ryoder said:

    Heather Cox Richardson has a good explanation of why the SVB failed:

    https://heathercoxrichardson.substack.com/p/march-12-2023

    So, rather than balancing deposits with loans that fluctuate with interest rates and thus keep a bank on an even keel, SVB’s directors took a gamble that the Federal Reserve would not raise interest rates. They invested in long-term Treasury bonds that paid better interest rates than short-term securities. But when, in fact, interest rates went up, the value of those long-term bonds sank.  

    Good thing that the fed has been performing those Dodd-Frank bank stress tests!


  2. "In a joint statement Sunday, Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell and Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg said the FDIC will make SVB and Signature’s customers whole. By guaranteeing all deposits – even the uninsured money that customers kept with the failed banks – the government aimed to prevent more bank runs and to help companies that deposited large sums with the banks to continue to make payroll and fund their operations. The Fed will also make additional funding available for eligible financial institutions to prevent runs on similar banks in the future."

    https://www.cnn.com/2023/03/12/investing/svb-customer-bailout/index.html


  3. Home prices in many places are now dependent on government mortgage guarantees, not household income. It's similar to the student loan crisis; colleges lobby for increased guarantees, and tuition quickly rises. A generation or two of "how much a month?" consumers will never accumulate assets having exhausted their best years servicing insurmountable debt.

  4. Tink1717

    I hear Portland (Oregon) is cool.



    There are four seasons and no drought forecast, an active counter culture, great variety of micro-brew pubs, a very active bicycle community, and turbine skydiving. Plan on renting though as median home prices are currently inflated and will settle when reality returns.

  5. If your lab computers are not going to be in a LAN with server storage then you should consider workstation class computers with raid mirroring disks. Video editing and processing also requires lots of memory and multi-core processing power, again workstation class computers. Workstations are expensive, $5k to $8k each, but worth every penny if you need them. Look at Dell T7600 or HP Z820 workstations. You really need to talk with a professional with business, financial or scada type hardware experience. Good luck on your project.

  6. Despite all of the technology advances of the past thirty years the "vehicle stop" remains one of the most dangerous situations in existence; when things go wrong it happens in seconds. Add in language and IQ barriers and it gets worse. It doesn't matter if you have the cover of a backup with a 12-guage or an APC with a 20-mm cannon whoever is the point is likely going down.

    That said this is sort of case lawyer's dreams are made of.

  7. FWIW, he was just too big to hop into women's clothing and slip through the crowds unnoticed; really nowhere to hide that guy. The online manifesto was a poor idea too. I doubt we'll ever know what pushed him over the edge, but lack of income is a likely catalyst.

  8. If you are serious about the sport, and also have career job ambitions then you should consider relocating to the sun belt region. Otherwise the nomadic lifestyle of a snow-bird skydiver and hourly-job hopping grunt may appeal to you. Realize that skydiving requires more planning and sacrifice than most other activities.

  9. Note that interior walls carry shear forces adding rigidity during lateral loading events such as wind or earthquakes. You will likely need plans that have been stamped by an engineer registered in your state, preferably someone local who knows the folks in your county/city who will approve the modifications.